Guideline Value for Ayyasamy Naidu Street

Ayyasamy Naidu Street guideline value

The current guideline value of Ayyasamy Naidu Street is Rs 330 per sq.ft, effective from 1 July 2024. This street is located in P. Chettipalayam village and falls under the Coimbatore South Joint 1 SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Ayyasamy Naidu Street has changed

The guideline value for Ayyasamy Naidu Street has undergone several revisions. The register has no figure for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 300 per sq.ft, which was then increased by 10% to Rs 330 per sq.ft in the 2024 revision.

Comparing the revisions, the 2023 value of Rs 300 per sq.ft was lower than the current 2024 value of Rs 330 per sq.ft. This change reflects a 10% increase between these two years.

Guideline values in P. Chettipalayam

In P. Chettipalayam, there are 240 streets under the Coimbatore South Joint 1 SRO with a 2024 guideline value ranging from Rs 220 to Rs 1,300 per sq.ft. The median value in this area is Rs 470 per sq.ft, placing Ayyasamy Naidu Street's 2024 guideline value below this median.

• Ayyavu Gounder Street: Rs 330 per sq.ft (2024)
• Ayyasamy Garden: Rs 550 per sq.ft (2024)
• Ayyan Thottam Gandhi Nagar: Rs 220 per sq.ft (2024)
• Ayyan Thottam: Rs 220 per sq.ft (2024)
• Badrakaliamman Lane: Rs 220 per sq.ft (2024)
• Bagavathi Amman Kovil Street: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Ayyasamy Naidu Street

For a 1,000 sq.ft plot at the current rate of Rs 330 per sq.ft, the guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total to Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ayyasamy Naidu Street?

Ayyasamy Naidu Street is covered by the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in P. Chettipalayam

The guideline value plays a crucial role during the registration of property transactions in P. Chettipalayam. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is compliant with local regulations.

When buying or selling property, the guideline value serves as a benchmark for assessing the value of the property being transacted. This helps in maintaining transparency and consistency in property dealings within the area.

Frequently asked questions

What is the current guideline value of Ayyasamy Naidu Street?

The current guideline value of Ayyasamy Naidu Street is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2023 to Rs 330 per sq.ft in 2024, marking a 10% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Ayyasamy Naidu Street?

Ayyasamy Naidu Street is classified as Residential Class II Type - I. This classification indicates the type of development permissible in the area.

Where can I find the Sub Registrar Office for Ayyasamy Naidu Street?

The Sub Registrar Office covering Ayyasamy Naidu Street is located at No.410a, Raja Street, Coimbatore-641001. This office handles the registration of property transactions in the area.

How is the stamp duty calculated for properties in P. Chettipalayam?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 3,30,000, the stamp duty would be Rs 23,100 at a rate of 7%.